Most experienced and seasoned travelers will know the importance of travel insurance and will not leave home without one. Most standard travel insurance plans are actually quite affordable and many will costs you under $100. But every plan is different and you have to read the fine print.
Apart from trip cancellation, the most costly risk especially to Europe or USA, is related to healthcare. Many may not know this but if you fall sick and require hospitalisation during your travel, the travel insurance policy may not pay for the costs if they deem that it is related to your pre-existing condition. Normally, standard travel insurance automatically excludes any pre-existing condition unless there is a specific waiver in writing. Continue reading “Warning: Travel Insurance May Not Really Protect Seniors in Singapore”